You never know when urgent expenses crops up and then you go around for a delayed help. If you are a salaried person, payday loans are suitable options for you. However, do not just rush to apply for these loans blindly. There are many instances of the people falling into debt trap due to the unwise manner of taking out these loans.The main attraction of the loans is that the borrowers get the loan amount within 24 hours in their bank checking...more
Despite the fact that growing competition in the loan business has made loan availing a lot easier, still you have to come true on certain terms-conditions and make some extra efforts to get loans for bad credit. First, you must possess a good financial capacity to repay the loan installments in timely manner. Since these loans take into account your bad credit history of late payments, payment defaults, arrears or CCJs, such payment faults do...more
Borrowers who are having serious credit problems are not offered any loans. it is because lenders do not want to undertake any risk factor by offering finances to these borrowers. In that case borrower should look for lenders who are willing to offer loans without taking in to account the borrowers credit record. There are some lenders present in the financial market who offer bad credit loans. The amount obtained can be used by the borrower to supervise needs like meeting wedding expenses, business expansion, consolidating debts and many more.Like other loans, these loans too are advanced towards borrower in secured and unsecured form. Secured form of these loans can be accessed only by offering any valuable asset as collateral. The collateral acts as an assurance for the lender. In case the borrower fails to repay the amount, he can recover it by selling the collateral. There are also some benefits of attaching collateral. For instance borrower has to pay a comparatively low interest on the amount. Besides this loan option has larger repayment duration. Unsecured option of the loans can be acquired by the borrower without any involvement of collateral. This loan option is...more
Why is it, only those borrows with a history of bad credit such as county court judgments, IVA, arrears, defaults, non repayment etc cannot apply for loans. Without any external financial help, these borrowers lack the required finances to meet some of their important needs. Sensing that the financial conditions of the borrowers are not in a good...more
There are several ways you can find yourself with what is known as bad credit. You can be late with your payments on a loan, get into arrears with your secured loan, may have missed payments on your credit cards, have a CCJ registered against you, missed some payments on your mortgage, or perhaps you have previously been declared bankrupt. Millions...more
Bad times often occur for people when they are least prepared. They hit them the worst at that time. Bad credit is one such nightmare for the borrowers when they are in need of money for their requirements. For such situations, there are bad credit loans that the borrowers can easily take up for their needs. These loans help the borrowers at a time when they are suffering from a bad credit history. This would mean that the borrower has a credit score lower than 580 in the FICO credit report. The reason for this may be anything like arrears, defaults, missed repayments or CCJs. But the borrower can recuperate with the needs through the money that is borrowed. Borrowers can fulfill any types of personal needs that arise for them like wedding expenses, travel expenses, medical procedures, educational expenses, home improvement, debt consolidation etc. The borrowers also get a chance to improve their credit score with timely repayment of these loans. Secured and unsecured form of these loans is available to the borrowers. They can make the choice between the loans according to the needs. Smaller needs can be dealt with the help of the unsecured form of these loans which do not require...more
It may be troublesome for borrowers who have a low credit score to get money for their needs through loans. A low credit score works against the credibility of the borrower but with the advent of poor credit loans, the borrowers can get money for...more
A current account mortgage is a type of flexible mortgage product that combines several financial products into one single account. As with any other mortgage product, a current account mortgage will be secured against the borrower's home. This type...more
The latest trend in the mortgage market has been an increase in the number of borrowers taking out a 100% loan-to-value mortgage. This means that the loan-to-value ratio of the mortgage is 100% rather than the 85% or less normally attached to more...more
In this day and age of low housing affordability, it is more difficult than ever for first-time-buyers to secure their first home. A shortage of housing stock has lead to a situation in which demand for housing far outweighs supply and this has, in...more
Shared ownership mortgages are specialist mortgages that are designed to cater for purchasing property through shared ownership schemes. Shared ownership schemes are also known as shared equity schemes and have become a popular method for...more
While most mortgage brokers need to be registered with the Financial Services Authority in order to advise clients on residential mortgages, no such rule exists for buy-to-let mortgages. This is because buy-to-let mortgages are regarded as commercial...more